CarTrade Tech IPO - Niche Business Model With Sound Scalability: Reliance Securities

CarTrade Tech IPO - Niche Business Model With Sound Scalability: Reliance Securities

New and second hand cars stand parked on the forecourt of a new car showroom (Photographer: Chris Ratcliffe/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Reliance Securities' IPO Report

CarTrade Tech Ltd., incorporated 2000, is a multi-channel auto platform with coverage and presence across vehicle types and -added services.

CarTrade Tech offers a variety of solutions across automotive transaction chain for marketing, buying, selling and financing of new and pre-owned cars, two-wheelers as well as pre-owned commercial vehicles and farm and construction equipment.

Its platforms operate under several brands: CarWale, CarTrade, Shriram Automall, BikeWale, CarTrade Exchange, Adroit Auto and AutoBiz.

Its platforms are operated by 221 technology employees working at their three technology centers as of June 30, 2021.

The company’s brands, CarWale and BikeWale, ranked number one on relative online search popularity compared to their key competitors in FY21.

Click on the attachment to read the full IPO report:

Reliance Securities Cartrade Tech Ltd. IPO .pdf
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DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

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